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Guar Market Update News Section - ( 29 Aug, 2005 ) |
We refer our previous Market update on dated August 22, 2005. The weather condition still remain dry. Immediate rains can save the crop standing in the fields.
Stockiest were very active in the markets of Guar Seed and Guar Gum. Future contracts made new high. Now the markets have become very unstable and Guar Prices are expected to fluctuate in wide range. Market sentiments are still firm and it could move further upwards.
Guar seed production being influenced greatly by the rainfall received during the cropping season. In worse case scenario i.e. if rains do not appear at all then the Total Guar Seed production in India may slide down considerably.
In the past we repeated several times and now again “it is recommended to cover at least some part of your requirements.”
Please advise us your requirements. |
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